Pathstone Holdings LLC Has $2.32 Million Holdings in Maximus, Inc. (NYSE:MMS)

Pathstone Holdings LLC trimmed its holdings in Maximus, Inc. (NYSE:MMS) by 5.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,916 shares of the health services provider’s stock after selling 1,450 shares during the period. Pathstone Holdings LLC’s holdings in Maximus were worth $2,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in Maximus by 2.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,254,536 shares of the health services provider’s stock valued at $105,255,000 after acquiring an additional 25,825 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Maximus by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock valued at $98,904,000 after purchasing an additional 79,092 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Maximus by 0.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock valued at $98,257,000 after purchasing an additional 8,811 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock worth $81,878,000 after buying an additional 645,760 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Maximus by 1.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 705,400 shares of the health services provider’s stock worth $65,715,000 after buying an additional 8,667 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the transaction, the insider now owns 6,567 shares in the company, valued at $607,841.52. This trade represents a 17.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Maximus Stock Up 0.5 %

Shares of MMS opened at $73.44 on Tuesday. The firm’s 50-day simple moving average is $87.80 and its 200 day simple moving average is $87.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $4.42 billion, a P/E ratio of 14.69 and a beta of 0.77. Maximus, Inc. has a 52 week low of $71.90 and a 52 week high of $93.97.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.63%. Maximus’s payout ratio is currently 24.00%.

Maximus Company Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.